The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.1 percent in November, to a seasonally adjusted level of 85.8 (2007 = 100). Revised data show the index increased 1 percent in October. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) decreased 0.3 percent in November. Regional output in November rose 7.1 percent from a year earlier, and national output increased 4.2 percent.
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Production in two of the four regional sectors decreased in November.
The Midwest resource sector’s output declined 0.8 percent in November after increasing 0.8 percent in the previous month. The national resource sector’s output decreased 0.6 percent in November. The food, wood and chemical subsectors of the regional resource sector decreased from October to November, but the paper and nonmetallic subsectors increased. Compared with a year ago, regional resource output was down 0.5 percent in November, but national resource output was up 0.3 percent.
The Midwest’s machinery sector production decreased 0.3 percent in November after increasing 0.8 percent in October. The nation’s machinery production moved down 0.2 percent in November. Regional machinery output in November was up 10.3 percent from its year-earlier level, and national machinery output was up 4.4 percent.
The region’s auto sector production moved up 0.3 percent in November after increasing 2.7 percent in October. National auto output decreased 0.6 percent in November. The Midwest’s automotive output was up 12.4 percent in November relative to its year-ago level, and national automotive output was up 9.9 percent.
The region’s steel sector output increased 1.6 percent in November after decreasing 0.3 percent in the previous month. The nation’s steel output increased 1.0 percent in November. Regional steel output was up 13.5 percent from its November 2010 level, and national steel output was up 8.3 percent.
